Yogurt Substitutes - Eastern Asia

Eastern Asia

Highlights

Revenue in the Yogurt Substitutes market amounts to US$216.80m in 2024. The market is expected to grow annually by 6.02% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$470m in 2024).
In relation to total population figures, per person revenues of US$0.13 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 26.40m kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 3.2% in 2025.0.
The average volume per person in the Yogurt Substitutes market is expected to amount to 0.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Yogurt Substitutes market in Eastern Asia is experiencing minimal growth due to various factors like increasing health consciousness and convenience of online health services. This has led to a steady rise in demand for dairy product alternatives, impacting the market's growth rate.

Customer preferences: With the rise of health and wellness trends in Eastern Asia, there is a growing demand for dairy-free alternatives in the Yogurt Substitutes Market. This is driven by an increasing number of consumers seeking plant-based options due to health and environmental concerns. Additionally, the rise in lactose intolerance and allergies to dairy products has also fueled this trend. As a result, there has been a surge in the availability and variety of dairy-free yogurt substitutes, catering to the diverse preferences and dietary needs of consumers.

Trends in the market: In Eastern Asia, the demand for yogurt substitutes is on the rise due to a growing preference for plant-based and dairy-free options. This trend is driven by health-conscious consumers seeking alternatives to traditional dairy products. In addition, the rise of veganism and lactose intolerance has also contributed to the growth of the yogurt substitutes market. Industry stakeholders are closely monitoring this trend and investing in research and development to meet the demand. This shift towards non-dairy options has significant implications for the dairy industry, as well as potential implications for public health and sustainability. As consumer preferences continue to evolve, it is important for industry players to adapt and innovate to stay competitive in the market.

Local special circumstances: In Eastern Asia, the Yogurt Substitutes Market is heavily influenced by cultural dietary preferences. For instance, in China, dairy consumption is not as common as in Western countries, leading to a greater demand for plant-based yogurt alternatives. Moreover, the region's growing health consciousness and increasing lactose intolerance rates have also contributed to the rise of yogurt substitutes. Additionally, government regulations promoting animal welfare and environmental sustainability have encouraged the development of non-dairy yogurt products in countries like Japan and South Korea.

Underlying macroeconomic factors: The growth of the Yogurt Substitutes market is also influenced by macroeconomic factors such as consumer preferences, income levels, and government policies. Countries with a strong demand for healthy and plant-based products, coupled with higher disposable incomes, are likely to drive market growth. On the other hand, regions with limited access to alternative dairy products and restrictive trade policies may experience slower growth. Additionally, the increasing focus on sustainability and ethical consumption is expected to drive demand for dairy alternatives in the coming years.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.